It is the likes of CUO & OZL that have made investors nervous about PNA. But it's also the copper price. If copper was at $US1.80 then PNA would be in the 20s. Simple as that. The share is priced to reflect the risk of collapse. At the moment it's a complete gamble to hold onto this stock because it could go either way. Risk vs reward people. If you don't want the risk then better to cut losses now. Personally, I've been in & out of this stock a few times since it first dropped back into the 20s, after having watched it rise from 30c to over $1, and lamenting the fact I didn't buy in at 30c. I think I had a bid in 29c at the time. Doh! Anyway, for me, it's too risky now.
Good luck to all holders though.
Cheers, Z.
PNA Price at posting:
8.9¢ Sentiment: None Disclosure: Not Held
